Hong Kong | World Casino News

Hong Kong Stock Exchange Finds Andrew Lo Unfit After Tigre de Cristal Sale Controversy

September 16, 2025

Casino Sales, Latest Casino and Gambling News, Casino News, Gaming Industry News, Hong Kong, Employment & Careers, Russia

The Hong Kong Stock Exchange (HKEX) has officially ruled that Andrew Lo Kai Bong, the chairman and majority shareholder of LET Group Holdings and Summit Ascent Holdings, is unfit to serve as a director or hold ...

Hong Kong Legalizes Basketball Betting in Effort to Combat Illegal Gambling

Vanja Mitic

September 11, 2025

Latest Casino and Gambling News, Gaming Law & Legislation, Gaming Industry News, Hong Kong, Sports betting

Hong Kong's legislature has officially passed a bill legalizing basketball betting, marking a significant step in regulating the city's gambling sector. With a vote of 77 in favor, two abstentions, and two agai...

LET Group and Summit Ascent to Exit Hong Kong Exchange September 1

Vanja Mitic

August 19, 2025

Latest Casino and Gambling News, Gaming Law & Legislation, Gaming Industry News, Hong Kong, Economy/Finance

Casino-linked investment company LET Group Holdings Ltd and its subsidiary Summit Ascent Holdings Ltd will be removed from the Hong Kong Stock Exchange at the start of September, concluding a lengthy period of ...

Hong Kong Eyes Legal Basketball Betting with 50% Tax on Net Profits

Johnny K.

June 7, 2025

Gaming Law & Legislation, Latest Casino and Gambling News, Online gambling regulation, World Casino News, Gaming Industry News, Hong Kong, Asian Casino News, Sports betting, Online Gambling News

Hong Kong is preparing to introduce legalized basketball betting, backed by overwhelming public support and a proposed 50 per cent tax on the operators’ net earnings. The initiative, currently under legislative...

Hong Kong to Consider Legalization of Basketball Betting to Address Fiscal Deficit

Vanja Mitic

February 24, 2025

Online gaming software, Latest Casino and Gambling News, Gaming Law & Legislation, Online gambling regulation, Hong Kong, Gaming Industry News, Mobile gaming, Sports betting, Online Gambling News

In an effort to mitigate its nearly HK$100 billion (US$12.9 billion) fiscal deficit, Hong Kong's finance chief is reportedly considering the legalization of basketball betting, a move anticipated to significant...

Sands China Declares First Dividend Since 2019

Johnny K.

February 24, 2025

Latest Casino and Gambling News, China, World Casino News, Gaming Industry News, Hong Kong, Economy/Finance, Asian Casino News, Macau, Financial Press Releases

Sands China Ltd has officially reinstated dividend payments for the first time in five years, announcing a final dividend of HKD 0.25 (USD 0.032) per share for the financial year ending December 31, 2024. The d...

Macau Hits Record Post-Pandemic Tourist Arrivals During Chinese New Year

Johnny K.

February 3, 2025

Taiwan, Latest Casino and Gambling News, World Casino News, China, Gaming Industry News, Hong Kong, Economy/Finance, Asian Casino News, Macau

Macau experienced a surge in visitor numbers during the Chinese New Year (CNY) period, with January 31, the third day of the holiday, marking the highest single-day arrivals since the pandemic. Public Security ...

Macau’s Ponte 16 Advances Floating Casino Project With New Land Agreement

Johnny K.

November 6, 2024

Latest Casino and Gambling News, Casino News, World Casino News, Hong Kong, Casino project updates, Asian Casino News, Macau

Macau’s Ponte 16 resort has secured government approval to expand its facilities with a significant addition: a floating casino named the "Macau Palace." This landmark project will form part of a broader revita...

Hong Kong SFC Sues LET Group Chairman Andrew Lo for Alleged Misconduct

Johnny K.

October 2, 2024

Gaming Law & Legislation, Latest Casino and Gambling News, World Casino News, Gaming Industry News, Hong Kong, Economy/Finance, Asian Casino News, Fines, Lawsuits & Litigation

The Securities and Futures Commission (SFC) of Hong Kong has initiated legal proceedings against Andrew Lo, the Chairman and controlling shareholder of both LET Group Holdings and Summit Ascent Holdings. This l...

Increase in Football Betting Duty Sees Decline in Income for Hong Kong Jockey Club

Vanja Mitic

September 6, 2024

Latest Casino and Gambling News, Gaming Industry News, Hong Kong, Economy/Finance, Financial Press Releases

The Hong Kong Jockey Club (HKJC) has reported a notable drop in income for the fiscal year ending 30 June 2024, totaling HK$14.8 billion (US$1.90 billion), a 10.5% decrease from the previous year. This decline ...

Chinese Police Intensify Crackdown on Euro 2024 Illegal Gambling Rings

Vanja Mitic

July 5, 2024

Online gaming software, Latest Casino and Gambling News, Gaming Law & Legislation, China, World Casino News, Hong Kong, Gaming Industry News, Mobile gaming, Unlicensed Operation, Sports betting, Online Gambling News, Asian Casino News, Crime

As football enthusiasts around the globe immerse themselves in the UEFA European Championship (Euro 2024), Chinese authorities have been actively disrupting a surge of illegal online gambling activities associa...

Police Crackdown on US$134 Million Illegal Bookmaking Syndicate in Guangdong, Hong Kong, and Macau

Johnny K.

July 1, 2024

Latest Casino and Gambling News, China, World Casino News, Hong Kong, Money Laundering, Illegal Bookmaking, Macau, Sports betting, Online Gambling News, Asian Casino News, Crime

In a significant breakthrough, police forces from Guangdong, Hong Kong, and Macau have successfully dismantled an illegal bookmaking syndicate, leading to the arrest of 93 suspects. The Macau Judiciary Police r...

Beijing Expands Duty-Free Shopping Limit for Mainland Chinese Tourists in Hong Kong

Johnny K.

June 29, 2024

China, World Casino News, Hong Kong, Asian Casino News, Macau

Chinese tourists are set to enjoy expanded duty-free shopping benefits in Hong Kong, as Beijing plans a substantial increase in the current purchasing limit, according to a report from the Hong Kong media outle...

Summit Ascent Expects Net Loss for Full 2023; Reports an Impairment Loss of US$56m

Marija Malenovic

April 1, 2024

Latest Casino and Gambling News, Casino News, World Casino News, Gaming Industry News, Hong Kong, Economy/Finance, Asian Casino News, Fines, Lawsuits & Litigation

It was recently reported that Summit Ascent Holdings Ltd., a subsidiary of LET Group Holdings Ltd., commented that it projects to reveal a the net loss for the entire last year, in comparison to income of HKD11...

XSGames Looking to Expand in Europe through Acquisition of Palasino Holdings’ Shares

Radosav Milutinovic

March 26, 2024

Following the 2022 US market entry, the Taiwanese gaming and investment company XSGames is working to expand its slot machine developments to European market. As reported, the online gaming content and slot mac...

Please confirm that you are not a robot.

Top Online Casinos in United States

Top Online Bingo in United States

Top Online Poker in United States

Top Online Sportbooks in United States

Hong Kong Stock Exchange Finds Andrew Lo Unfit After Tigre de Cristal Sale Controversy

Hong Kong Legalizes Basketball Betting in Effort to Combat Illegal Gambling

LET Group and Summit Ascent to Exit Hong Kong Exchange September 1

Hong Kong Eyes Legal Basketball Betting with 50% Tax on Net Profits

Hong Kong to Consider Legalization of Basketball Betting to Address Fiscal Deficit

Sands China Declares First Dividend Since 2019

Macau Hits Record Post-Pandemic Tourist Arrivals During Chinese New Year

Macau’s Ponte 16 Advances Floating Casino Project With New Land Agreement

Hong Kong SFC Sues LET Group Chairman Andrew Lo for Alleged Misconduct

Increase in Football Betting Duty Sees Decline in Income for Hong Kong Jockey Club

Chinese Police Intensify Crackdown on Euro 2024 Illegal Gambling Rings

Police Crackdown on US$134 Million Illegal Bookmaking Syndicate in Guangdong, Hong Kong, and Macau

Beijing Expands Duty-Free Shopping Limit for Mainland Chinese Tourists in Hong Kong

Summit Ascent Expects Net Loss for Full 2023; Reports an Impairment Loss of US$56m

Lottomart Operator Hit with £360K Gambling Commission Penalty

Chicago Committee Advances Video Gaming Ordinance

DigiPlus Confirms Brazil Entry with GamePlus Launch

Macau’s Studio City to Introduce Private Hospital in 2025

Kalshi Expands NFL Prop Bets Amid Legal Battles With States